Ganfeng Lithium Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	8,958	8,422	5,944	9,484	9,914	6,332
Short-Term Investments	-	782.55	505.47	319.76	484.83	950
Trading Asset Securities	1,063	140.31	15.49	62.98	215.99	281.36
Cash & Short-Term Investments	10,021	9,345	6,465	9,867	10,615	7,564
Cash Growth	21.89%	44.54%	-34.48%	-7.05%	40.34%	85.96%
Accounts Receivable	12,719	8,822	4,827	6,714	9,903	3,322
Other Receivables	500.32	1,402	235	63.91	316.43	85.46
Receivables	13,219	10,224	5,062	6,778	10,220	3,407
Inventory	15,016	13,002	8,613	8,264	10,111	3,283
Other Current Assets	5,065	2,588	1,862	3,276	1,020	372.43
Total Current Assets	43,321	35,158	22,003	28,184	31,966	14,627
Property, Plant & Equipment	38,315	36,907	35,947	23,727	14,448	8,862
Long-Term Investments	17,257	15,878	17,500	19,313	15,980	7,751
Goodwill	182.01	182.01	182.01	17.62	17.62	17.62
Other Intangible Assets	20,094	20,767	21,539	17,957	14,300	5,090
Long-Term Deferred Tax Assets	1,110	1,155	1,163	820.51	653.24	698.47
Long-Term Deferred Charges	488.99	449.33	462.45	110.38	89.54	94.69
Other Long-Term Assets	1,721	655.16	563.35	466.31	1,195	1,629
Total Assets	122,489	113,258	100,832	91,698	79,160	39,057

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Accounts Payable	17,666	16,134	12,197	8,932	9,988	2,531
Accrued Expenses	260.04	1,061	617.37	616.01	1,531	540.92
Short-Term Debt	9,088	10,400	9,818	6,529	2,109	1,970
Current Portion of Long-Term Debt	7,316	7,234	6,924	3,058	1,504	740.58
Current Portion of Leases	-	25.8	34.39	17.73	17.9	11.18
Current Income Taxes Payable	1,737	217.85	138.02	448.97	2,563	896.84
Current Unearned Revenue	1,464	1,850	174.29	282.31	492.65	150.5
Other Current Liabilities	2,089	1,352	1,766	386.96	449.95	1,368
Total Current Liabilities	39,620	38,274	31,670	20,271	18,655	8,209
Long-Term Debt	24,477	20,288	18,944	17,940	11,059	4,478
Long-Term Leases	28.55	46.22	66.11	12.56	26.2	19.89
Long-Term Unearned Revenue	846.07	835.05	700.27	534.07	275.21	93.74
Long-Term Deferred Tax Liabilities	1,370	895.48	1,243	482.88	133.78	42.35
Other Long-Term Liabilities	917.88	1,082	620.93	141.35	144.6	47.23
Total Liabilities	67,260	61,421	53,244	39,382	30,294	12,890

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Common Stock	2,097	2,097	2,017	2,017	2,017	1,437
Additional Paid-In Capital	-	12,731	9,432	12,131	12,382	11,954
Retained Earnings	34,330	29,632	28,321	32,004	29,074	9,003
Treasury Stock	-856.3	-443.99	-560.84	-350.14	-133.15	-
Comprehensive Income & Other	12,552	1,130	2,574	1,232	702.55	-501.09
Total Common Equity	48,122	45,145	41,782	47,034	44,043	21,894
Minority Interest	7,107	6,692	5,806	5,282	4,823	4,273
Shareholders' Equity	55,229	51,838	47,588	52,316	48,866	26,167
Total Liabilities & Equity	122,489	113,258	100,832	91,698	79,160	39,057

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Total Debt	40,910	37,994	35,787	27,557	14,716	7,219
Net Cash (Debt)	-30,889	-28,649	-29,322	-17,690	-4,101	344.57
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-18.23	-14.03	-14.56	-8.80	-2.03	0.18
Filing Date Shares Outstanding	2,092	408.9	2,051	2,010	2,015	2,012
Total Common Shares Outstanding	2,092	408.9	2,051	2,010	2,015	2,012
Working Capital	3,701	-3,115	-9,667	7,913	13,311	6,418
Book Value Per Share	23.01	110.41	20.37	23.41	21.86	10.88
Tangible Book Value	27,846	24,196	20,061	29,060	29,726	16,786
Tangible Book Value Per Share	13.31	59.17	9.78	14.46	14.75	8.34
Buildings	-	13,655	10,404	7,993	1,279	912.39
Machinery	-	12,722	9,453	6,694	5,166	3,321
Construction In Progress	-	15,492	19,352	11,298	9,548	5,795